Our Story Our Story Our Story

Since the Beginning, Plastiq Has Been Proud to Empower Cardholders With Payment Choice

It started with one question: Why can't tuition be paid on credit card?

Eliot Buchanan Co-Founder & Chief Executive Officer
Daniel Choi Co-Founder & Head of Product
  • The Beginning
  • Plastiq was born when Eliot Buchanan found out that his college tuition could not be paid using a credit card. Experiencing this frustration firsthand inspired him to create a solution that would enable anyone to use their card of choice for any payment, regardless of acceptance.

    Soon after, Eliot founded 4ward Thinking, an online payment service that catered specifically to cardholders in the tuition space. 4ward Thinking’s rapid growth and success across several payment categories convinced Eliot’s former Harvard classmate Daniel Choi to take a leap of faith and join as co-founder of the company now known as Plastiq.

    Five years later, Plastiq is a first-of-its-kind service that processes millions in payments for hundreds of thousands of customers who choose to use their cards for all of life’s important payments.

  • 2012

  • Plastiq moves to its first office at Bessemer Venture Partners
  • Rasied seed funding from Flybridge Capital & Atlas Ventures Our board gained members
  • First major partnerships signed with schools in the US & Canada
  • 2013

  • Series A funding raised from Flybridge Capital & Atlas Ventures Our board gained additional members
  • Plastiq expands into the private club sector
  • Canadian Revenue Agency endorses Plastiq as the only credit card option for taxpayers
  • Plastiq launches campaign with H&R Block
  • 2014

  • Plastiq launches campaigns with Intuit & TurboTax
  • Series B funding raised from Khosla Ventures Plastiq announces company move from Boston to San Francisco
  • Plastiq expands into the utilities sector Endorsed by Enbridge, the largest utility company in Canada
  • Plastiq moves into San Francisco office located at 1475 Folsom Street

Continuing Our Mission to Change How Payments Work

Plastiq has made great strides in the industry– unlike most other services, our main focus is empowering cardholders to choose how they make life’s important payments. We’re proud of the growth we have experienced thus far and look forward to what’s still to come. The future of credit card payments is limitless, and we intend to continue working towards providing the best service possible for our members.

Our Board

  • Eliot Buchanan

    CEO, Plastiq

  • Ben Ling

    Partner, Khosla Ventures

  • Jeff Bussgang

    Partner, Flybridge Capital

  • Ryan Moore

    Partner, Atlas Ventures

  • Kerry Hatch

    COO, Acxiom

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